According to a Bloomberg survey a large majority of economists believe Greece should receive some form of debt relief. The results of the survey, which was conducted between 42 European economists from August 7 to 14 echoed the position of IMF Chief Christine Lagarde who recently called for an easing up of the country’s massive debt load.

Similarly 90 percent of the respondents believe Greece will remain in the Eurozone in 2016, a signal that the third bailout, which includes 86bln Euros and was approved by both the Greek parliament and the Eurgroup Finance Ministers defused the danger of a Grexit, at least for now.

Economist Kristian Toedtmann based in Frankfurt warns that while the political will for Greece to remain in the Euro suggests some debt relief is on the cards, there is still a lot of work to be done in order to finalise the deal. He claims that in order for the deal to move forward ’it has to be sufficient, so that the IMF can take part in the financial assistance, while it also has to be politically feasible for the German and other national governments, which rule out a nominal haircut’, he says.